Entropy Technologies LP Makes New Investment in Ameren Corporation $AEE

Entropy Technologies LP acquired a new position in shares of Ameren Corporation (NYSE:AEE) during the 1st quarter, Holdings Channel reports. The fund acquired 60,923 shares of the utilities provider’s stock, valued at approximately $6,697,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Ameren by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock worth $3,559,565,000 after buying an additional 495,945 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Ameren by 245.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 87,543 shares of the utilities provider’s stock valued at $8,808,000 after buying an additional 62,173 shares during the period. Horizon Investments LLC increased its stake in shares of Ameren by 193.1% during the 4th quarter. Horizon Investments LLC now owns 26,312 shares of the utilities provider’s stock valued at $2,628,000 after acquiring an additional 17,336 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Ameren by 5.2% during the 4th quarter. Franklin Resources Inc. now owns 2,473,120 shares of the utilities provider’s stock valued at $246,966,000 after acquiring an additional 123,084 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new position in shares of Ameren during the 4th quarter valued at about $924,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AEE. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 target price on the stock in a research report on Thursday. Truist Financial upped their price target on shares of Ameren from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. BTIG Research set a $126.00 price objective on shares of Ameren in a research note on Thursday. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price objective on shares of Ameren in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. increased their target price on Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.50.

Insider Buying and Selling at Ameren

In other news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $109.08, for a total value of $35,451.00. Following the completion of the sale, the senior vice president owned 32,618 shares in the company, valued at approximately $3,557,971.44. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.

Ameren Price Performance

AEE opened at $113.75 on Friday. Ameren Corporation has a 52-week low of $96.57 and a 52-week high of $118.32. The company has a 50 day moving average of $110.82 and a two-hundred day moving average of $109.22. The company has a market cap of $31.48 billion, a P/E ratio of 20.46, a P/E/G ratio of 2.74 and a beta of 0.47. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39.

Ameren (NYSE:AEE) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, analysts expect that Ameren Corporation will post 5.39 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.00 annualized dividend and a dividend yield of 2.6%. Ameren’s dividend payout ratio is presently 53.96%.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.